Instapaper buys itself back from Pinterest

Back in 2013, developer Marco Arment sold his popular read-it-later app Instapaper to Betaworks, the company that had previously acquired Digg. Two years ago, Pinterest bought the little company to "accelerate discovering and saving articles on Pinterest." Now, the very same team that's been working on it for the past five years is taking Instapaper back.

Newly formed Instant Paper, Inc. will receive ownership from Pinterest after a 21-day waiting period so it can give Instapaper users fair notice about the change. Not much will change for users of the service, which the new owners say they'll continue offering "for the foreseeable future." The developers also thanked Pinterest for being a good partner over the last two years, which allowed them to rebuild search within the app, add an extension for Firefox users and optimize the product for mobile operating systems.